Independence Realty Trust, Inc. cash flow statement IRT

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Independence Realty Trust, Inc. generated $282.1 million of cash from operations, up 8.6% from the year before. The company returned $154.4 million in dividends and $30.0 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2013 Dec 31, 2013	FY 2012 Dec 31, 2012
Operating
Depreciation and amortization	258	243 +10.1%	221 +0.9%	219 -13.4%	253 +228.8%	77 +26.7%	61 +14.9%	53 +16.8%	45 +32.2%	4 +27.3%	3 +95.7%
Stock-based compensation	8 -3.3%	8 +11.4%	7 -7.6%	8 -3.0%	8 +9.2%	7 +29.9%	6 +78.6%	3 +23.5%	3 +28.3%	0	—
Operating cash flow	278 -2.7%	282 +8.6%	260 -0.9%	262 +5.1%	250 +377.5%	52 -30.3%	75 -0.1%	75 +9.4%	69	6 +34.2%	4 +104.2%
Investing
Capital expenditures	—	—	—	—	—	0 +110.7%	0 -66.3%	0 -58.4%	1 -95.8%	—	—
Investing cash flow	-103 +70.2%	-143 -593.6%	-21 -1103.6%	-2 +98.7%	-136 +37.2%	-216 -73.5%	-125 -17.1%	-106 +53.6%	-229	-38 -125.9%	-17 +9.9%
Financing
Short-term debt issued	—	—	—	—	—	—	—	—	—	—	0
Dividends paid	164 +9.2%	154 +7.2%	144 +6.8%	135 +27.4%	106 +112.4%	50 -11.2%	56 -13.3%	65 +23.4%	52 +0.3%	3 +1899.3%	0 +2880.0%
Stock buybacks	—	30	—	—	—	—	—	—	—	—	—
Financing cash flow	-183 -395.5%	-135 +45.2%	-246 +2.9%	-254 -87.4%	-135 -162.7%	216 +342.8%	49 +63.7%	30 -81.7%	162	33 +138.1%	14 -20.7%
Change in cash
Net change in cash	-8 -383.8%	4 +157.3%	-7 -208.4%	7 +131.0%	-22 -141.6%	52 +6463.8%	-1	—	—	—	—
Free cash flow	—	—	—	—	—	52 -30.4%	75 +0.2%	75 +10.0%	68	—	—
Per share
Free cash flow per share	—	—	—	—	—	0.47 -40.0%	0.79 -4.4%	0.83 +6.3%	0.78	—	—
Dividend per share	—	0.67 +4.7%	0.64 +3.2%	0.62 +14.8%	0.54 +12.5%	0.48 -11.1%	0.54 -25.0%	0.72	—	0.63 +5.0%	0.60
Shareholder returns
Returned to shareholders	164	184	144	135	106	50	56	65	52	3	0
Share of free cash flow	—	—	—	—	—	95.68%	74.99%	86.61%	77.25%	—	—
Ratios
Free cash flow margin	—	—	—	—	—	20.81%	35.33%	36.78%	35.52%	—	—
Capital expenditures to revenue	—	—	—	—	—	0.07%	0.04%	0.12%	0.31%	—	—
Stock-based compensation to revenue	1.12%	1.20%	1.11%	1.16%	1.26%	2.89%	2.63%	1.53%	1.32%	0.39%	—
Cash conversion	4.50x	4.99x	6.61x	—	2.13x	1.17x	5.08x	1.63x	—	9.79x	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Real Estate Investment Trusts (SIC 6798)
Listed as: IRT (NYSE)
Fiscal year ends: December 31
Incorporated in: MD
Headquarters: Philadelphia, PA
SEC filer status: Large accelerated filer
SEC CIK: 1466085
Former names: INDEPENDENCE REALTY TRUST, INC (until Jun 19, 2017); EMPIRE AMERICAN REALTY TRUST INC (until Feb 11, 2011)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.